Michael Marchetti - Oct 23, 2023 Form 4 Insider Report for SciPlay Corp (SCPL)

Role
Director
Signature
/s/ James Sottile, attorney-in-fact for Michael Marchetti
Stock symbol
SCPL
Transactions as of
Oct 23, 2023
Transactions value $
-$1,408,855
Form type
4
Date filed
10/25/2023, 08:33 PM
Previous filing
Jun 9, 2023
Next filing
Jan 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SCPL Class A Common Stock Disposed to Issuer -$1.41M -61.4K -100% $22.95 0 Oct 23, 2023 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SCPL Restricted Stock Units Disposed to Issuer $0 -7.49K -100% $0.00* 0 Oct 23, 2023 Class A Common Stock 7.49K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Michael Marchetti is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Pursuant to the Agreement and Plan of Merger, dated as of August 8, 2023, (the "Merger Agreement") by and among SciPlay Corporation, a Nevada Corporation (the "Company"), Light & Wonder, Inc., a Nevada corporation ("Parent"), and Bern Merger Sub, Inc., a Nevada corporation and a wholly owned subsidiary of Parent, at the effective time of the merger (the "Effective Time"), each share of Company Class A Common Stock converted into the right to receive a lump-sum cash payment, without interest, equal to $22.95 (the "Merger Consideration").
F2 Pursuant to the Merger Agreement, each outstanding Company restricted stock unit held by a non-employee member of the Company's Board of Directors (each, a "Director RSU") was cancelled and converted into the right to receive a lump-sum cash payment, without interest, equal to the number of shares of Class A Common Stock subject to such Director RSU immediately prior to the Effective Time multiplied by the Merger Consideration, less applicable taxes required to be withheld with respect to such payment.